The Speed Traders

Beyond This Week's Market Flux and Subpoenas: Why Governments Can’t Regulate Away Volatility

Edgar Perez's The Speed Traders: An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World

 

New York, NY -- (SBWIRE) -- 08/17/2011 -- Are the new trading platforms to blame for recent volatility or are faster systems merely amplifying a mood of uncertainty that was already underway? This week's market flux is not identical to the flash crash of 2010 but some experts believe that computer-driven high frequency trading is partially responsible for accelerating stock gyrations. Why that might not be necessarily the case is explained by Mr. Edgar Perez in The Speed Traders, An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World (http://www.thespeedtraders.com), hardcover recently published by McGraw-Hill Inc.

As mentioned in The Speed Traders, "Volatility can’t be regulated away. Volatility is an ever-present fact of markets; the only way to get rid of it is to get rid of the market itself. Regardless of the actions of regulators, such events are guaranteed to occur with regularity. Volatility has nothing to do with electronic trading. Historically, we've had at least one major crash every ten years or so, regardless of which rules and regulations were in place at the time, or how much technology was used by market participants. It is especially foolish to try to regulate volatility by focusing on the supply side of liquidity. All the elasticity in the market for liquidity comes from the demand side of the market, which is to say, long-term investors. Because of this, going forward, I expect the rate of these sorts of events to increase, because capital is more concentrated and less constrained than it has ever been."

The Speed Traders, published by McGraw-Hill Inc., is the most comprehensive, revealing work available on the most important development in trading in generations. High-frequency trading will no doubt play an ever larger role as computer technology advances and the global exchanges embrace fast electronic access. The Speed Traders explains everything there is to know about how today's high-frequency traders make millions—one cent at a time. In this new title, The Speed Traders, Mr. Perez opens the door to the secretive world of high-frequency trading. Inside, prominent figures drop their guard and speak with unprecedented candidness about their trade.

Mr. Perez is widely regarded as the pre-eminent networker in the specialized area of high-frequency trading. He has been featured on CNBC Cash Flow (with Oriel Morrison), TheStreet.com (with Gregg Greenberg) and Channel NewsAsia (with Lin Xue Ling), and engaged as speaker at Harvard Business School’s 17th Annual Venture Capital & Private Equity Conference, High-Frequency Trading Leaders Forum 2011, CFA Singapore, Hong Kong Securities Institute and Waters USA 2011, among other global forums.

Mr. Perez was a vice president at Citigroup, a senior consultant at IBM, and a consultant at McKinsey & Co. in New York City. Mr. Perez has an undergraduate degree from Universidad Nacional de Ingeniería, Lima, Peru (1994), a Master of Administration from Universidad ESAN, Lima, Peru (1997) and a Master of Business Administration from Columbia Business School, with a dual major in Finance and Management (2002). He belongs to the Beta Gamma Sigma honor society. Mr. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.

Mr. Perez is one of the great business networkers and motivators on the lecture circuit; he is available worldwide for the following speaking engagements: Present and Future of High-Frequency Trading, The Real Story behind the "Flash Crash", Networking for Financial Executives, and Business Networking for Success.